Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
He was just quoting the auditors engagement letter (can be found on otc) and tried to provide additional insight but the auditors won’t move at his pace unfortunately.
I agree don’t know why people are so stuck on this. How many times can one say it is out of his control. It’s black and with on OTC (auditors engagement letter filed in August)
When news comes out it will post to otcmarkets.com the night before then it will it to other outlets around 8:30 am or just before market open. Unless Roger decides to release it right before open which has happened recently. You can see on otc under AMFE news they usually release each PR twice.
Couldn’t agree with you more this was a very savvy acquisition. Expanded the distribution arm, product rights, and most importantly the channels.
I see this all the time with my line of work (technology sales and consulting) customer renewal or usual purchase comes up and you seed in new products to get them hooked.
Funny how Roger spoke about an acquisition that would complement S&L and of all the speculation we didn’t this of food and beverage distribution. I’m sure the new franchises will be stocked with these brands. Not to mention how many new channels this will open up to sell S&L games.
Roger is full of surprises. It has been amazing to watch these pieces fall into place over the last 6-8 months and we are only getting started.
AMFE$ long and strong.
Just to point out on point B about the first two franchises. I and others here filled out the franchise rights paper work. IT COST 125K to just get the rights. That doesn’t include anything else.
I don’t think people would pay that for a company that wasn’t growing quickly.
Oh and let’s not forget the 250k signing bonus they received to publish someone’s game.
They sent me a questionnaire about a month ago. I sent it back a week later with my resume as requested. I haven’t heard back and I think it is because I selected other on the promissory note and asked a question about terms. When I did that it gave me a score of zero out of ten on the questionnaire. I imagine they are going directly to the ones they received that committed the 125k and didn’t select other or no
How many times are we going to go through this? Every time there is a tiny bit of red during these consolidation periods people post their doubts then we go on a run and they change their minds... Do you not know what you own? If you don’t scroll a little higher and read the posts in yellow. Even if you knew nothing about the fundamentals of this company and you were just looking at the chart, you see the beautiful cup and handle that has formed? That plus the low volume tells you NO ONE IS SELLING and it is one of the most bullish things to look for in a chart. Don’t believe me? Go back to June the last time we saw this and you can even read Rockets posts talking about the cup and handle. If you are freaking out over this it can only mean a few things:
1) you don’t know what you own. Real brick and mortar locations are not fake.
2) you have over extended yourself with your investment here and can’t handle waiting.
3) you aren’t truly long and just hoping this will jump to multi dollars in 2 months, which won’t happen IMO
Sit back relax and I bet everyone will be speaking differently in the next few weeks.
AMFE$ Long and Strong
Dog man, so sorry to hear this news. As I started researching the MJ sector I found AMFE and joined iHub and this board ( was usually a loner and did my own dd and never trusted others). I first bought in April and it has been amazing to watch the true Longs here come together and form this great community full of So much DD that any investor would be crazy to ignore AMFE. My prayers go out to you and your family. You sound like you have lived a very full life with many accomplishments (100 first place wins is incredible). Thank you for everything you have brought to this community and AMFE family. GLTY in the coming weeks, months and hopefully years.
AMFE LONG
They said earlier the show was 9pm est. not sure what else they have going on but this will be the main topic I’m sure
He can’t release it during market hrs. There are rules in place for stock manipulation. It will be by close of business either his time or EST most likely
Doesn’t matter if you are new or not. I started accumulating at .05 and was still adding at .18-.19. IMO and the opinion of many others here, the fundamentals are there for this stock to go to multi dollar land in the coming years. This is like getting in on a Strong IPO early and that’s only speaking from the SL side. We still have green pastures on the GZ side as the first deals are starting to come in.
Yes I realized that after I posted. Just thought it was odd they called them out specifically though.
Yeah answered my own question about 30secs after posting haha. Should have started digging into the first
Never mind it’s a 2B+ company. Maybe a partnership is in the works for the franchises
Does anyone know anything about the Xero Accounting software mentioned in the PR? As I was re reading this it seems as if they went out of their way to mention that... could it be a hint at one of the acquisitions that hasn’t been announced? They have talked about software to help the franchises and this would integrate back into corporate accounting for reporting. Just some speculation while I sit here and grin at the bright future of AMFE
Would be a perfect time for lebron to drop that 100k he was talking about
That block of shares has been put up and taken down several times today by CDEL. IMO it is not a sell off. If you look at the other side CDEL is also buying in 10k+ blocks. That 410k is sitting there to hold the price to .165 so they can accumulate without causing a run. Been happening all day. Once they finish accumulating or another buyer comes in and knocks that wall down it will run. IMO its a good thing. Locking up the float and preparing to run.
Looks like they are trying to hold the .16s so someone can accumulate. CDEL has put it up and taken it down several times already today.
Thank you. Hate it when people don’t read the obvious DD. Like I just made up the 50k number.
https://www.otcmarkets.com/financialReportViewer?symbol=AMFE&id=179045
You can read about it here. This is the auditors engagement letter filed for AMFE. Costs right around 50K
https://www.otcmarkets.com/financialReportViewer?symbol=AMFE&id=179045
Haha yeah I’m sure someone with 290M to invest still looks at OTC. I would be sitting on a beach somewhere and have my financial team deal with it..
I remember him saying that too. But to any one on the fence, that should show you how much faith someone with a large holding has in this company. Walk away for two weeks with no internet connection...
Not sure if you were here at the time. But the time before last (August) on my two cents Roger was asked directly about RS and he said he didn’t see the need to do one. He mentioned maybe a small one if it was necessary to get to the NASDAQ
Yes by people I mean MM’s. No worries here. I’m holding well over what we do in daily volume so just going to sit back and watch my nest egg grow!
Hard to tell if those are real or not. I’ve seen several of those pop up over the past few weeks then they disappeared. I think people are testing to see if this will move either way.
Haha and for the new location.. “is it open yet?” Is it open yet?” Have you been by there lately?
I agree. Think about the dividend. They could have already put the date out there and rewarded everyone who stuck with them in pinky land and spun the company off after the audit. That’s what I though since they announced this back in early/mid summer. But now it seems that date won’t be set till after the audit, uplist and the next acquisition is closer to being done. This will allow bigger investors a shot at getting in before the date is set... IMO things are going to get really interesting around the end of this week going into next week.
I would bet money we get a tweet Around the end of the week that says the auditors just left the warehouse and we are days away from filing the report.
If anyone can get through can you ask about the timing of the franchise wave rollout timing? 1 year 5 years ?
Daniel Beaver... I know several of us searched for a while trying to figure out who it could be.
Did you hear what he just said?
Not to say I told you so... but I mentioned before ( review my history) Roger mentioned a QX exception on the last radio show. BOOM. Not definite but he wants to try.
I'm on the east coast and after the last show I was so excited I didn't sleep till like 3am. Now things are even further along and even closer to coming together I can only imagine what you guys have in store for us. Here's to no sleep tomorrow night. And to all the doubters out their. If you feel the same way after the show tomorrow you should just get out. This isn't for you. Name one other otc pink company that's this transparent. Thanks again!
So it doesn't matter to you that the audit is not being done by Roger but by a 3rd party? They only thing he can do is to make sure the information is readily available for the auditors. He doesn't control how fast they work or their schedule to time a visit to the warehouse to see the inventory.... THERE IS NOTHING HE CAN DO ABOUT IT!!!!!! This has been repeated a hundred times today. Read the letter below. They have GOAL but not an absolute date of completion.
Also, there is no construction project in the world that runs on time. Plus they stated part of the delay was to make tweaks to handle more traffic plus the new software...personally I want this since they are about to model 50+ more location after this one. So by all means take all the time you need to get it right so it can be quickly replicated across all of NA then the world.
As Aaron Rodgers would say... R.E.L.A.X
https://www.otcmarkets.com/financialReportViewer?symbol=AMFE&id=179045
Super excited about your show awesome to have you guys back on the air!
Except for the fact AMFE has been audited before, by the same firm and it was completed on time.
Any one who thinks any consulting company gives exact dates for completion has never been apart of an engagement. How do I know? I am one and that is the number one rule. Under promise over deliver.
You can read the auditors letter from the link below and see in the timing section that the GOAL (key word there) is to have this completed by AMFE's extended deadline which would be Oct 16th but again that is a GOAL! Now Roger has told us via twitter they are getting close but no one is committed to a date.
https://www.otcmarkets.com/financialReportViewer?symbol=AMFE&id=179045
2nd that. Yes I found AMFE because I was researching MJ stocks and I initially bought in May because of that. But as I started reading the dd here and verifying it, I started to see SL was probably going to be bigger than the GZ business. You can't even compare it to another franchise because of the distribution arm and the publishing... which led me to invest more in a single company than I ever have. I literally sold everything I had in apple, amazon, WB and other because IMO this stock will have a much higher return than those in the coming months and years.
AMFE LONG!